The Government of Sri Lanka has launched a programme with the assistance of the World Bank to assist farmer-producers by providing them with access to quality storage facilities to store their agricultural products during harvesting times so that they have the option to sell more gradually after harvest and to facilitate the use of such products as collateral to access financial services by developing an electronic warehouse receipt financing program. WRMIS will enable warehouse operators to perform the warehouse operations including issue warehouse receipts for the depositor, maintaining stocks, facilitating reporting for decision making process, prepare payment scheduling to banks on behalf of the depositor farmers when they receive sales proceeds from buyers. Further system grant access to the system for financial institutes, ministry of finance and other regulatory bodies to support define regulations.
© Copyright 2019, Araaya Business Solution (Pvt) Ltd